Certificate of Deposit

The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. This account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date to withdraw funds without being charged a penalty. The renewal rate will be subject to market rates.

If the original term of your certificate was more than 12 months, you will be charged an early withdrawal penalty of 6 months interest if you redeem your certificate prior to maturity.

If the original term of your certificate was less than 12 months, you will be charged an early withdrawal penalty of 3 months interest if you redeem your certificate prior to maturity.

Interest will be compounded quarterly on all certificates except the 182 day certificate and the Ready Access certificate on which interest will be paid at maturity.

Interest begins to accrue on the business day you deposit cash or non-cash items (for example, checks). After the certificate of deposit account is opened, you may not make deposits into this account.

We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

If you withdraw funds during the ten days after the maturity date, you will not receive the accrued interest since the maturity date.